Spain

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Spain increased steel production by 7.7% m/m in January 2023

During the month, Spanish steelmakers produced 739,000 tons of steel

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The European Commission approved state support of ArcelorMittal from Germany and Spain for €515 million

The funds will go to support the company's projects on decarbonization of steel production

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Spain reduced steel production by 19.8% m/m in December 2022

In 2022, Spanish steelmakers produced 11.46 million tons of steel

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ArcelorMittal has confirmed its intention to invest in a hybrid EAF at a plant in Spain

The total investment in the project will amount to €1 billion

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ArcelorMittal to launch a blast furnace at a plant in Spain in February

The decision to temporarily stop the blast furnace was made in September 2022

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Electricity prices increased in most of Europe in December 2022

In 2022, the highest average monthly wholesale price in the EU was in August

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Spain cut steel production by 6.4% m/m in November 2022

In January-November 2022, Spanish steelmakers produced 10.77 million tons of steel

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Spain allocated for ArcelorMittal €17.1 million in compensation for indirect emissions

Total support for Spain's energy-intensive industry is €244 million, of which the steel sector accounts for 37.5%

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Spain reduced steel production by 9.6% m/m in October 2022

In January-October 2022, Spanish steelmakers produced 9.91 million tons of steel

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Spain increased steel production by 50% m/m in September 2022

In January-September 2022, Spanish steelmakers produced 9 million tons of steel

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Global rebar prices are falling amid low demand in the construction sector

Quotations of rebar in Turkiye last week fell by 3.6%, in Italy – by 5.5%, in China – by 2.6%

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ArcelorMittal agrees with unions on employment schemes at plants in Spain

The company is counting on an agreement that will allow the company to idle any of its plants in Spain for any period until the end of 2023

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